PPA

[IRA]

Someone told me that after the PPA we no longer have to provide security to a plan if a plan amendment results in underfunding. Is that true? That doesn't make sense. So can we now amend our plan without worrying about having to provide the plan with any security no matter how much the amendment causes the plan to be underfunded?

[FAPInJax]

I would say absolutely not. The new law actually requires that a plan be adequately funded AFTER the amendment OR the sponsor must come up with additional monies to pay for the amendment immediately to bring funding to an adequate level.